Wednesday, October 10, 2007

Don't Call Them Vultures

According to the LA Times, the good times may be back for the vulture lenders. Oh, excuse me. I meant the investors in distressed debt.

The economic turmoil caused by the sub-prime meltdown and ensuing (and don't call it a) credit crunch, has led to happier times for those in the "loan to own" industry. They expect to be quite busy for some time to come.

Why?

Stupid businessmen and the stupid bankers who gave them loans they could never realistically expect to pay back, according to one of the distressed debt investors.

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About Me

Marshall Lebovits has over 25 years of experience in the secured financing industry. Marshall advises on a wide variety of asset based funding solutions for businesses throughout the USA. If your business has receivables, inventory or equipment and needs over $50 thousand of financing, please contact me at 310-344-2522.